Showing 1 - 10 of 14
neural responses to the pertinent prospects when they are not engaged in actual decision making. The ability to make such …
Persistent link: https://www.econbiz.de/10012459390
observable exogenous causes. We explore an alternative approach that generates predictions based on relationships across decision … experiment, we find that this method yields accurate estimates of price sensitivities for a collection of products under …
Persistent link: https://www.econbiz.de/10012459391
We study experimentally when, why, and how people intervene in others’ choices. Choice Architects (CAs) construct opportunity sets containing bundles of time-indexed payments for Choosers. CAs frequently prevent impatient choices despite opportunities to provide advice, believing Choosers...
Persistent link: https://www.econbiz.de/10012052868
"the will of the people." In an experiment, we elicit revealed attitudes toward ordinal preference aggregation and classify …
Persistent link: https://www.econbiz.de/10012658023
experiment, face-to-face communication with a randomly assigned peer significantly improves the quality of private decisions … transmits financial decision-making skills most effectively when peers are equally uninformed, rather than when an informed … decision maker teaches an uninformed peer. Qualitative analysis of subjects' discussions supports this interpretation. The …
Persistent link: https://www.econbiz.de/10012480687
versus equal outcomes). In a laboratory experiment, the most common behavioral pattern is for subjects to select the ex ante …
Persistent link: https://www.econbiz.de/10012480908
We study a large-scale (n=50,000) natural field experiment implemented by the U.S. Social Security Administration that …
Persistent link: https://www.econbiz.de/10012481178
questions, we conduct an online experiment (n = 3,610) with participants in the US and UK. Participants are randomly allocated …
Persistent link: https://www.econbiz.de/10012481828
The value of time determines relative prices of goods and services, investments, productivity, economic growth, and measurements of income inequality. Economists in the 1960s began to focus on the value of non-work time, pioneering a deep literature exploring the optimal allocation and value of...
Persistent link: https://www.econbiz.de/10012482427
decision making with large stakes. Using a natural field experiment that generates nearly 40,000 observations, we find that … laboratory insights. We use debt obligation to the UK government as a case study to explore the 'omission bias' present in … may result from a deliberate 'omission strategy', rather than a behavioral bias, as is often assumed in the literature …
Persistent link: https://www.econbiz.de/10012457457